Australia in 'The New Roaring 20s'
In new findings from our landmark study ‘The New Roaring 20s’ delivered in partnership with research and strategy agency FiftyFive5, we aimed to uncover exactly how the future of Australia will look through a collision of methodologies; including cultural forecasting to gain insight from global trend experts, human perspectives from everyday Australians, businesses and Nine’s own experts, and finally a statistical backing through a nationwide survey of Australians and their businesses.
Recap on The New Roaring 20s session:
LIVE from Powered by Nine’s ‘The Big Ideas Store’
In order to look forward, we need to look at where we are right now.
Typically, when we refer to the Roaring Twenties, we're talking about the 1920s, and their role in Western culture and society. Off the back of World War One and the Spanish Influenza, the West met with a period of economic prosperity that had a distinctive cultural edge - particularly in major cities such as Berlin, Chicago, London, New York, Paris, here in Sydney and in Melbourne, the Paris of the South.
Eighteen months into the twenty twenties, we are in the wake of our own pandemic. We’ve seen civil unrest, and political change. However, we are also starting to see a shift in the way that culture manifests.
We’re living in a time of flux
It’s undeniable that we’re living in a time of flux. Every facet of life has been shaken in the past eighteen months, as we’ve been forced to face complex new problems and evolve accordingly.
The fourth industrial revolution
Generational power shift
The Asian century
The end of capitalism (as we know it)
Australia is in conflict with itself
Australians are coming to terms with radical and rapid changes. As Australians, there are 5 narratives and counter narratives that define the tensions and inflection points of life today.
For everything that defines Australia, there also exists a conflicting reality…
Despite all these tensions, Australians are optimistic about the future.
A defining moment for brands
With all this optimism, our goal is to help drive Australia into a better a future. Our expectations of brands have become clearer and are becoming more defined.
The events of the past 18 months have accelerated Australians understanding and engagement with brands. Australian consumers are now more savvy, clued in and willing to critique. They have low tolerance for behaviors considered to be ‘sub standard’. Over the past 18 months, some brands really shined. In a time when they were really needed, the financial category stepped up to the plate. During pivotal moments in history the brands that stood out offered stability and consistency.
The brands that succeed will be those that...
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Looking to the future
Without a crystal ball, knowing exactly what the future holds is impossible. We have created four ulterior worlds that are grounded in different societal tensions. These worlds are met at the extreme points of our tensions.
What does the future hold?
Preparing for opportunity
Brands need to ensure they have a focus on sustainability, supporting local communities with a focus on wellbeing and offering stability... all while maintaining our functional needs.
Australians will have even higher expectations of brands in the future...
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